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jasperthefriendlyghost.Eth pfp
jasperthefriendlyghost.Eth
@jasper-eth
A simple change to issuance like this will not stop LST dominance but it WILL kill off many Rocket Pool node operators who are far more sensitive to rate changes. If the goal is to keep Ethereum's solo stakers relevant, than this approach is not sufficient. 1/n
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jasperthefriendlyghost.Eth pfp
jasperthefriendlyghost.Eth
@jasper-eth
Going from 3.5% to just over 2% yield at the current amount staked will have demonstrable impacts on home stakers! We cannot push this upgrade into Electra without understanding these impacts. Lowering staking yield will incentivize solo stakers to go out on the risk curve w/ restaking/abandoning node to hold LSTs.
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pintail pfp
pintail
@pintail
The proposed issuance change will prevent the staking ratio growing to the extent that an LST could effectively usurp ETH, which would be very bad and also difficult/impossible to recover from. As a home staker myself I don't relish a reduction in yield but I care more about the long term viability of Ethereum.
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